Reinventing Financial Services: A Banking and Insurance Partnership
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Transcript of Reinventing Financial Services: A Banking and Insurance Partnership
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To the endorsing partners
SPECIAL THANKS
FintechReinventing financial services
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Who we are
Efma is a non-profit association created in 1971 by bankers and insurers. It brings together more than 3,300 retail financial services companies from over 130 countries all around the world:
And many more on www.efma.com/members
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Fintech market key figures2• Global fintech investment in the first-quarter
of 2016 grew 67 percent year-over-year to $5.3 billion; 62 percent of investments went to ventures in Europe and Asia
• Funding is booming: almost US$14 billion in the last 12 months from less than US$1 billion in Q2 2010 to US$3 billion in Q1 2015
• There will be close to US$100 billion invest in fintech so far
• 50 fintech unicorns around the world and more than 20,000 fintech start-ups globally
• The top ten privately funded fintechs represent almost US$50 billion in market cap
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3 Successful partnership between Santander UK and Kabbage
Santander Working Capital Loans
• Working Capital Loans - Provide business credits with fast and secure access to funds of up to £100,000 within minutes
• This approach, alongside the technology provided by Kabbage in this space, has helped to get the proposition live in less than 9 months
• Use Big data and APIs – customers able to link their main business current account during the online application to view the transactions and make lending decisions
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LaFinBox
• Swiss Life - A leading European provider of comprehensive life and pensions and financial solutions
• Budget Insight involved for technological matters - aggregation of bank accounts technology
• LaFinBox, a global vision of all his accounts (checking accounts, credit cards, loans, booklets, employee savings, life insurance, …) balances, historical, detail and categorization of transactions and investments
• Investment performance tracking; Push / emails alerts to manage his savings; A simplified graphical view of his savings, income and expenditure
3 Successful partnership between SwissLife and Budget Insight
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